Categories: Wire Stories

Eurofins Enhances Clinical and COVID-19 Testing Offering in Japan Through Acquisition of Genetic Lab Co.,Ltd.

LUXEMBOURG–(BUSINESS WIRE)–Eurofins Scientific (EUFI.PA), the global scientific leader in bioanalytical testing and a leader in clinical diagnostics testing, announces a share purchase agreement with Transgenic Inc. (2342:JP, Tokyo stock exchange) to acquire Genetic Lab Co.,Ltd. (�G Lab”), a molecular biology based testing provider for diagnostics, biomarker development and drug discovery. The acquisition will further enhance Eurofins’ expansion in Asia and complement its global network of clinical diagnostics laboratories focused on specialised and advanced genetic testing.

G Lab employs over 70 staff and generated revenues of over EUR 13m in the financial year ending March 2021. Initially established as a genetics technology based bio venture in 2000, G Lab has developed a reputation among clinical communities in Japan for the CAP accredited quality services provided by its technical experts, in-house medical pathologists and cytotechnologists. G Lab also provides diversified testing services supporting biomarker development for companion drugs. Since Mar 2020, G Lab has played an important role in the COVID-19 response in Japan, by facilitating PCR testing, and supporting Hokkaido prefecture and Sapporo city with their COVID-19 testing programmes

Through this acquisition, the Eurofins network will further strengthen its position in the Japanese market, where it is currently the market leader in environment testing and non-invasive prenatal testing, by extending its service offering in BioPharma services and clinical testing in Japan, notably increasing its COVID-19 testing product and service offering to support the fight against the pandemic.

Notes to Editors:

For more information, please visit www.eurofins.com.

About Eurofins – the global leader in bio-analysis

Eurofins is Testing for Life. With 55,000 staff across a network of 900 laboratories in over 50 countries, Eurofins’ companies offer a portfolio of over 200,000 analytical methods.

Eurofins Shares are listed on Euronext Paris Stock Exchange.

Contacts

Investor Relations

Eurofins Scientific SE

Yuya Kusunoki

+32 2 766 1620

ir@eurofins.com

Alex

Recent Posts

Pigeon Empowers Mothers With A Holistic Maternity Skincare Line: The Perfect Blend of Nature, Science, and Sustainability

Formulated with 90% naturally-derived ingredients and Dermal Precision Technology to maximise absorption and minimise irritation…

2 hours ago

VinFast VF 8 Demonstrates the Upstart Carmaker’s Ambition to Succeed

HANOI, VIETNAM - Media OutReach Newswire - 27 December 2024 - The VinFast VF 8…

4 hours ago

The Green Ecosystem Surrounding VinFast’s EV Fleet: Fueling Asia’s Inevitable Electric Future

HANOI, VIETNAM - Media OutReach Newswire - 27 December 2024 - Driven by the vision…

9 hours ago

Black Group Investment Partners with Zenzic Oasis to Advance Stem Cell Therapy for Personalised Medicine

SINGAPORE - Media OutReach Newswire - 27 December 2024 - Black Group Investment Holding Pte…

11 hours ago

PTT Oil and Retail Business Charts Path to Global Leadership with Sustainability at the Core

BANGKOK, THAILAND – Media OutReach Newswire - 27 December 2024 – PTT Oil and Retail…

12 hours ago